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You have $ 9 , 1 0 0 to deposit. Regency 'Bank offers 9 percent per year compounded monthly ( . 7 5 percent per
You have $ to deposit. Regency 'Bank offers percent per year compounded monthly percent per month while King Bank offers percent but will only compound annually. How much will your investment be worth in years at each bank?
Note: Do not round intermediate calculations and round your answers to decimal places, eg
tableRegency BankKing Bank
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